Opel is cutting production at Ruesselsheim to 68,000 vehicles from 123,000 in 2018, Mainzer Allgemeine reported, citing company sources. The paper said the company's original target 2019 target was 90,000 vehicles.

Vauxhall builds the Astra Sports Tourer family estate model at Ellesmere Port and the brand has seen its sales fall 11 percent so far this year, faster than the overall decline of 7 percent in Europe's second-biggest autos market.

The accord includes "extensive" employment protection measures, unspecified investments in Germany and the replacement of employment commitments made under Opel's previous owner General Motors, it said.

Markus Sternberg has over 26 years of global experience in the automotive and engineering industries, including a 4 year stint at GM USA and GM Daewoo Korea as Regional Manager Parts & Service and MD for Aftersales respectively.

In fact, segment leaders like Maruti Suzuki, Tata Motors and Hero MotoCorp have reported de-growth of 34.3 per cent, 45 per cent and 20 per cent, respectively giving a clear indication of a prolonged slowdown in the sector.